Wednesday, January 9, 2008

Prices are very, very useful things. But they can often obscure as much as they hide in economic debate: a $20,000 Hermes handbag does not consume 100 times as many economic resources as a $20 Target handbag, and the illusion that it does fuels much of the current debate over redistributing wealth.

About us

McMegan is awful, just awful, but at least she's no longer employed by The Atlantic. Still, no one can read her every day and live, so we've all but given up trying. Let's just be glad her upwards failure has leveled off.Posts here will likely remain few and far between, as will my tweets. M. is still at his place and twitter and now also Whiskey Fire, and Clem maintains well deserved alumnus privileges.